Atria Wealth Solutions Inc. Buys New Shares in Neos S&P 500(R) High Income ETF (BATS:SPYI)

Atria Wealth Solutions Inc. purchased a new stake in Neos S&P 500(R) High Income ETF (BATS:SPYI) in the fourth quarter, HoldingsChannel reports. The fund purchased 7,096 shares of the company’s stock, valued at approximately $342,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Compass Ion Advisors LLC lifted its stake in shares of Neos S&P 500(R) High Income ETF by 60.2% in the third quarter. Compass Ion Advisors LLC now owns 34,775 shares of the company’s stock valued at $1,633,000 after buying an additional 13,072 shares during the period. Stifel Financial Corp bought a new stake in shares of Neos S&P 500(R) High Income ETF in the 3rd quarter worth approximately $4,481,000. Axxcess Wealth Management LLC acquired a new stake in shares of Neos S&P 500(R) High Income ETF during the 3rd quarter worth approximately $219,000. Camarda Financial Advisors LLC bought a new stake in shares of Neos S&P 500(R) High Income ETF during the third quarter valued at approximately $2,777,000. Finally, Traynor Capital Management Inc. raised its stake in shares of Neos S&P 500(R) High Income ETF by 29.6% in the fourth quarter. Traynor Capital Management Inc. now owns 6,208 shares of the company’s stock valued at $299,000 after purchasing an additional 1,418 shares in the last quarter.

Neos S&P 500(R) High Income ETF Stock Performance

Shares of SPYI stock opened at $49.29 on Wednesday. The business has a 50 day moving average price of $49.54 and a two-hundred day moving average price of $48.61. The company has a market capitalization of $1.18 billion, a PE ratio of 21.14 and a beta of 0.69.

Neos S&P 500(R) High Income ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, March 22nd. Stockholders of record on Thursday, March 21st were issued a dividend of $0.5014 per share. This is an increase from Neos S&P 500(R) High Income ETF’s previous dividend of $0.48. The ex-dividend date of this dividend was Wednesday, March 20th.

Neos S&P 500(R) High Income ETF Profile

The Neos S&P 500(R) High Income ETF (SPYI) is an exchange-traded fund that mostly invests in total market equity. The fund aims for tax-efficient and high monthly income by actively investing in stocks and options on the S&P 500 Index. The fund employs a call spread approach that uses SPX index option futures contracts.